AppleToPayiDeviceOwners$53MillionSettlementForFaultyMoistureSensors

Apple has agreed to fork out some $53 million as the result of a long-standing class-action lawsuit, in which the Cupertino, Calif. company was accused of fitting its iDevices with "faulty" liquid contact indicators (LCIs).
While Apple claims that its LCI strips have always worked correctly, lawyers argued in a San Francisco court that countless legacy handsets had suffered liquid contact indicator activation through ordinary use. As such, numerous iPhone and iPod touch users had warranty claims denied by AppleCare since their products appeared to be "water damaged."
Bloomberg explains:

Apple Inc (AAPL). agreed to pay $53 million to resolve a consumer class-action lawsuit alleging the company relied on faulty indicators showing that iPhones and iPods were exposed to water to deny customers’ warranty claims.
Lawyers for consumers say the liquid submersion indicators on iPhones and iPods could be triggered by moisture during ordinary use and falsely indicated devices had been damaged by liquid spills or submersion, problems that were excluded from coverage under Apple’s warranty.